Estimate your monthly and total repayments for Plan 5 student loans starting from 2023/24.
Plan 5 loans apply to students who started university in England or Wales from September 2023. You repay 9% of income above £25,000 per year.
Monthly Repayment
£37.50
9% of income above threshold
Annual Repayment
£450.00
Total to be Repaid
£18,000
Over the life of the loan (simple projection)
Expected Write-Off Date
April 2065
40 years after entering repayment
Current Interest Rate: RPI only (currently ~4.6% total)
This calculator helps you understand your Plan 5 student loan repayments based on your salary and loan amount. Plan 5 loans apply to students who started higher education in England or Wales from September 2023 onwards.